Royal Bafokeng Platinum — Corporate Update (November 2013)
15 slides from Royal Bafokeng Platinum's corporate update, Nov 12, 2013
Slide 1: RBPlat Ore Processing Strategy
RBPlat Ore Processing Strategy Analyst Presentation 12 November 2013
Slide 2: Disclaimer
Disclaimer The information presented in this presentation is of a general nature and the forward looking information, opinions and beliefs of the Company and its affiliates are based on various market related assumptions. Changes in market circumstances after the production of the information may im
Slide 3: Our strategy
Our strategy Current PGM market macro-economic conditions emphasise > Importance of cash preservation > Investment focus is on high margin assets rather than volume driven assets > UG2 operations under pressure in industry RBPlat strategy continues to focus on > Achieving operational excellence at B
Slide 4: Our strategy (continued)
Our strategy (continued) Building flexibility in the business with co-extraction, whilst maintaining Merensky bias > In a safe manner > To move down the cost curve > Generate cash to fund growth Pursuing value-enhancing opportunities > Co-operation and sharing of infrastructure with adjacent mines >
Slide 5: Styldrift concentrator (230 ktpm)
Styldrift concentrator (230 ktpm) Key design parameters: Two stage crushing circuit: > Primary and secondary crushing in close circuit Milling and classification: > 2 x 8 MW mills (MF2 configuration) > 150g/t concentrate grade Flotation: > Primary rougher, cleaner and re-cleaner circuits > Secondary
Slide 6: Upgrade BRPM concentrator (350 ktpm)
Upgrade BRPM concentrator (350 ktpm) Overland conveyor Styldrift to BRPM > 6 km of overland conveyor > Primary crushing at Styldrift 200 ktpm to 250 ktpm upgrade > 10 kt silo (storage of ROM Merensky) > Primary mill conversion (to grate discharge) > Upgrade of the existing LAROX filter building > Pr
Slide 7: Anglo Platinum ore transport options
Anglo Platinum ore transport options Transnet rail > Conveyor linking Styldrift with Transnet line > New rail siding south of Styldrift > 4 x 50 hopper train on Transnet network daily > Maintenance workshop for rolling stock > Rail link and rail siding between Transnet and Anglo rail network > Shunt
Slide 8: Styldrift/Wesizwe joint concentrator
Styldrift/Wesizwe joint concentrator Joint concentrator location Two stage crushing circuit: > Primary and secondary crushing in closed circuit > Milling and classification (MF2 configuration) 280 ktpm and 180 ktpm modules: RoM conveyor from Wesizwe Description Units Module 1 Module 2 Silo for Wesiz
Slide 9: Impala ore transport options
Impala ore transport options Ore transport options: 1. Conveyor: Styldrift to Impala 20 shaft 2. Rail: Impala rail extension to Styldrift 3. Road: Road train from Styldrift to Impala 20 shaft 4. Doppelmayr: Two flight from Styldrift to Impala 20 shaft 5. Hybrid: Combination of conveyors and rail to
Slide 10: Impala ore transport options (continued)
Impala ore transport options (continued) Capital (R’m) Option Description Opex (R/t) System ready Nominal Conveyor with new rail siding 1. Conveyor and silo position east of Impala 846 40 Q4 2016 20 shaft New rail system linking into the 2. Rail existing Impala rail system east 958 35 Q1 2017 of Imp
Slide 11: Concentrator project schedules
Concentrator project schedules Start Finish 2012 2013 2014 2015 2016 2017 2018 Activity Date Date Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Styldrift I concentrator (230 ktpm) Feasibility study Q2 2012 Q4 2013 Execution & commissioning Q3 2014 Q3 2016 BRPM Conc
Slide 12: Key outcomes of treatment of ore at neighbouring mines
Key outcomes of treatment of ore at neighbouring mines Capital requirements to deliver Styldrift ore to neighbouring mines is significant > R750 million to R1.4 billion (excluding Impala concentrator plant upgrade) > Increases treatment cost per tonne by between R35/t to R55/t > No added value as a
Slide 13: Tonnage and treatment profile of upgraded BRPM concentrator
Tonnage and treatment profile of upgraded BRPM concentrator Tonnage Profile (2014-2018) 5.0 Concentrator capacity appropriate for Merensky 4.5 production 4.0 UG2 production provides flexibility Million Tonnes Per Annum > Deliver UG2 to fill shaft capacity 3.5 > Toll treat excess UG2 3.0 2017: Commis
Slide 14: Capital reduction
Capital reduction Standalone Upgrade BRPM Item Unit Styldrift concentrator concentrator BRPM concentrator upgrade to co-process UG2 R’m 300 - Blending facility for UG2 at BRPM R’m 50 - Styldrift I concentrator R’m 2400 - Conveyor from Styldrift to BRPM R’m - 332 Upgrade BRPM concentrator to 250 ktpm
Slide 15: Key outcomes
Key outcomes Construction of a Styldrift concentrator commits RBPlat to mining UG2 at BRPM > Requires a significant stockpile (+- 900 kt) of high grade Merensky ore > Provides less flexibility to the business > Potential to destroy value mining UG2 in adverse conditions Upgrading the BRPM concentrat
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